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The Collaborative International Dictionary
Overpaying

Overpay \O`ver*pay"\, v. t. [imp. & p. p. Overpaid; p. pr. & vb. n. Overpaying.]

  1. To pay too much to; to reward too highly.

  2. To pay too much for; as, to overpay the loan balance.

Wiktionary
overpaying

vb. (present participle of overpay English)

Usage examples of "overpaying".

If I didn't know my unit's skills, I would suspect you were overpaying us.

Apparently, the clinic was suspected of any number of violations, from overpaying our suppliers to submitting false or inflated claims for services.